Hi everyone. I'm a new Canadian Onlyfans creator with ZERO subscribers trying to figure things out. After doing the best research I could, it seems that in Canada is not advisable to do direct transfer from OF to a Canadian bank account, especially if it's one of the big banks as most of them slow down payment processing times and there have been multiple reports of banks freezing and closing down accounts arbitrarily when they detect the customer receives funds from Onlyfans. So it seems like Credit Unions seem to work better in Canada. Is this still the case in 2024?

For those who wouldn't want to go through the Credit Union path it seems the most practical workaround that would also provide more privacy and anonymity about where the funds are coming from are the other payout options provided by OF itself: Skrill, Cosmo and Paxum. What's been your experience so far? Which one is the best? Any problems using this route with your bank either Big bank or Credit Union? How do the deposits/transfer appear on your bank statement? If they appear as Paxum, Cosmo or Skrill is that a red flag for your financial institution?

It also seems like the bigger the amount you want to do the payout for, the longer it will take to be processed. This transpired from several posts I went through. Could you please confirm or deny this, and if it's the case, what is the threshold?

Finally, is there another option to circumvent bank deposits so you don't risk having your account frozen or closed? I think I read somewhere that there is one payout provider that has cards you can use to withdraw cash from ATMs. Is this convenient or not? Is it available in Canada?

Many thanks in advance for your feedback. I searched everywhere and couldn't find anything on these topics so I apologize if this has been answered before and I would appreciate if you could point me out to a link where I could read updated helpful information for Canadians.